Iowa Code § 489.301

Current through bills signed by governor as of 5/17/2024
Section 489.301 - No agency power of member as member
1. A member is not an agent of a limited liability company solely by reason of being a member.
2. A person's status as a member does not prevent or restrict law other than this chapter from imposing liability on a limited liability company because of the person's conduct.

Iowa Code § 489.301

2008 Acts, ch 1162, §27, 155